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Nasdaq falls into correction as traders bet Federal Reserve will now have to cut rates more rapidly this year

ECB’s Lagarde says eurozone borrowing costs likely to fall in summer, later than markets expected

Oil prices decline over concerns about growth in world’s largest economy

US Treasury yields steady after hitting multiyear highs

President suggests need for ‘flexibility’ but insists smartphone exemption is temporary

Economic data has soothed investors’ fears that the US economy is heading for recession

Wall Street extends losses after weaker than expected manufacturing reading

Washington pauses most tariffs against countries that have not retaliated but increases levies on China

US, European and Asian indices fall as traders raise bets on Federal Reserve rate cuts